ICO Project Hustle App (HUSL)
Tokensale Start: 24/11/2019
Tokensale Finish: 24/12/2019
Hustle App is a project that provides users with the opportunity to lead a healthy lifestyle and receive rewards for this. The project team will develop an application that includes a built-in electronic wallet for converting fiat and cryptocurrency funds into HUSL tokens. Users can also contact professional fitness trainers, athletes, and sports nutrition providers.
Business Model Overview Hustle App (HUSL)
1. The validity of income
The project will receive income from the provision of various services and products on the platform. Suppliers accepting HUSL tokens will be included in the application and will have direct contact with customers, which helps to promote their business and use the HUSL token. Users who use the HUSL token to get membership in a fitness center or pay a monthly fee will receive discounts.
2. Number of currencies accepted
The project accepts such liquid currencies as: BTC, USD, ETH, XRP, PROB.
3. Token emission
The project has a limited number of tokens. A total of 1 000 000 000 HUSL tokens will be issued (p. 10 White Paper).
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 50% (p. 12 White Paper).
The provided flow chart shows the project objectives until May 2020 (p. 17 White Paper). The distribution of tokens will be as follows: 15% - “Reserved for ICO”, 15% - “Reserve”, 12% - “Marketing”, 12% - “Project team and founders”, 10% - “Project development”, 36 % - "Community".
6. SOFT CAP / HARD CAP Ratio
The project has a poor SOFT CAP / HARD CAP ratio, which reduces its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 900 000 and $ 6 000 000, respectively.
7. MVP availability
The project does not have a developed MVP.
8. Risk assessment and insurance
There are no risk assessments by international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of capital loss for investors.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD